Did You KNOW?
Did you know that
First Time Home Buyers Tax Credit has been extended for over 180,000 home buyers?
"The home buyer tax credit now has an extended closing deadline, thanks to Congress. The new deadline is set for September 30, 2010. This new legislation, bill H.R. 5623 will allow for thousands of home buyers to take advantage of the $8,000 and $6,500 tax credits that saw their previous deadline pass on June 30th. The National Association of Realtors (NAR) has been encouraging of its passage. "We know that up to 180,000 home buyers eligible for the tax credit are rejoicing this morning. And we all thank both houses of Congress for their work to ensure the passage of both bills," said NAR president Vicki Cox Golder.
Who is eligible for this deadline extension? If you are first time or "step up" home buyer who had a ratified contract in place as of April 30, 2010, but was unable to close by the previous June 30th deadline, then you're in luck. You are considered a first time home buyer if you have not owned your own home in the last three years. The same income restrictions and rules apply for the extension as were in place for the previous June 30th deadline."
-Carla Hill, Realty Times
This is great news! If you have any questions about the extension or if you are looking to buy or sell a home, give us a call at The Koester Team - phone: 817-472-9120
You can also view our website at http://www.thekoesterteam.com/
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